TAKING THE SERIES 66 EXAM? KNOW HOW TO CALCULATE STANDARD DEVIATION!
The Series 66 exam is designed for those candidates who have already passed the Series 7 general securities exam, or for those who intend to sit for the Series 7 shortly. However, if you are thinking of sitting for the Series 66 exam, don't think that because you have a Series 7 this exam will be a piece of cake.
Why do I say this? Because consider the topics contained in the Series 66 Test Specifications put out by NASAA, the creator of the exam. Section I (A) (2) discusses descriptive statistics, including mean, median, mode, range, standard deviation, alpha, beta, and the Sharpe ratio.
Therefore, don't go into the test without being adequately prepared. Bob Eder's study text, Study for the Series 66 Exam, has a full treatment of descriptive statistics and the topics included, as mentioned above, in its Chapter 1, entitled Economic Analysis. For example, Study for the Series 66 Exam discusses standard deviation, and gives an example how to calculate it, then follows up with a practice question to test whether you can handle a standard deviation question.
Here is a link to NASAA's Content Outline for the Series 66 exam. See especially Section I (A) (2) for the Series 66's inclusion of questions on descriptive statistics.
Study for the Series 66 Exam is available from Amazon in either paperback or Kindle e-book versions. Here is a link to Bob Eder's book on Amazon.
If you decide to purchase Study for the Series 66 Exam in paperback, Amazon offers the e-book version as a companion for a special price of $2.99.
Bob Eder received his Juris Doctor (J.D.) degree from the University of Utah, Quinney College of Law, in 2001. He is a member of the Utah State Bar, currently on inactive status.
Why do I say this? Because consider the topics contained in the Series 66 Test Specifications put out by NASAA, the creator of the exam. Section I (A) (2) discusses descriptive statistics, including mean, median, mode, range, standard deviation, alpha, beta, and the Sharpe ratio.
Therefore, don't go into the test without being adequately prepared. Bob Eder's study text, Study for the Series 66 Exam, has a full treatment of descriptive statistics and the topics included, as mentioned above, in its Chapter 1, entitled Economic Analysis. For example, Study for the Series 66 Exam discusses standard deviation, and gives an example how to calculate it, then follows up with a practice question to test whether you can handle a standard deviation question.
Here is a link to NASAA's Content Outline for the Series 66 exam. See especially Section I (A) (2) for the Series 66's inclusion of questions on descriptive statistics.
Study for the Series 66 Exam is available from Amazon in either paperback or Kindle e-book versions. Here is a link to Bob Eder's book on Amazon.
If you decide to purchase Study for the Series 66 Exam in paperback, Amazon offers the e-book version as a companion for a special price of $2.99.
Bob Eder received his Juris Doctor (J.D.) degree from the University of Utah, Quinney College of Law, in 2001. He is a member of the Utah State Bar, currently on inactive status.
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